Annual General Meeting of Shareholders May, 14 2007 at 4:30 p.m - Paris Expo, Grande Arche of Paris La Defense.

Download related documents:

 Notice of joint shareholders' Meeting
 Report of the Board of Directors on the resolutions submitted to the General Meeting
 Notice to attend
 Notice of Meeting

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Report:

• Over 1,270 shareholders attended the meeting held by Société Générale on 14 May 2007 at La Défense (near Paris). 1,015 shareholders were represented and 7,938 voted by post. 35,684 gave their proxy to the Chairman.
• Quorum was established at 47.49% (45.04 % in 2006).
• All the resolutions submitted by the Board of Directors were approved.
• The 2006 financial statements and dividend payment of 5.2 euros were approved.
• Two directors’ mandates were renewed : Daniel BOUTON and Anthony WYAND.
• One new independent director was appointed : Jean-Martin FOLZ .
• The Shareholders Meeting paid tribute to Marc VIENOT, Honorary Chairman, whose mandate came to an end.
• The Board of Directors comprises 15 members, including 8 independent directors and two directors elected by employees.
• Detailed voting results on next page.
• Following the Shareholders Meeting, the Board of Directors reaffirmed the management structure of Société Générale. The Board confirmed Daniel BOUTON as Chairman and Chief Executive Officer, Philippe CITERNE as Director and Co-Chief Executive Officer, and Didier ALIX as Co-Chief Executive Officer.
• Société Générale’s strategy. Daniel BOUTON made the following comments at the conclusion of his remarks : « Our strategy, combining organic growth and targeted acquisitions, can deliver long-term growth and profitability.
  

Our results for 2006 have shown, once again, that Société Générale does not necessarily need to make large deals to create value for its shareholders.

Over the past 10 years we have been among the European banks with the strongest growth and profitability, without a major tie-up. In the coming years we can pursue this strategy : we have the right people, quality projects and shareholders’ equity to finance them. All of our businesses are profitable and developing.

However all major European banks are attentive as the environment evolves, with the emergence of very large groups in Asia, the beginning of banking harmonisation in Europe and the eventual re-drawing of the European banking landscape set in motion by potential operations concerning ABN-Amro.

Thanks to its profitability, capacity for organic growth and balanced and dynamic business mix, Société Générale (as is the case for all European banks of similar size) could play an important role in this evolution. This is my message for shareholders, employee representatives and of course the staff who ensure the success of this institution. »

In response to a question, Daniel BOUTON reiterated that « Société Générale is not currently in negotiations with any bank. »

Results: